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Class 12 · Economics
→For whom is the rent paid by firms an income in the two-sector model?
Class 12 · Economics
→In the two-sector model, what does household income become for firms when households spend it on goods and services?
Class 12 · Economics
→What are the flows of land, labour, capital, and enterprise from households to firms called in the two-sector model?
Class 12 · Economics
→From which market do households buy goods and services in the two-sector model?
Class 12 · Economics
→From which market do firms obtain factor services in the two-sector model?
Class 12 · Economics
→If investment equals saving, what becomes balanced in the circular flow of income?
Class 12 · Economics
→If saving becomes greater than investment, what pressure may arise on the simple circular flow of income?
Class 12 · Economics
→What does investment by firms do to the income flow in the two-sector model?
Class 12 · Economics
→If households save part of their income, what is that saving considered in the circular flow?
Class 12 · Economics
→What does money flow show in the two-sector model?
Class 12 · Economics
→What is not shown by the real flow in the two-sector model?
Class 12 · Economics
→In the simple two-sector model, for whom is the total output produced?
Class 12 · Economics
→If firms increase their demand for factor services in the two-sector model, which income of households is likely to be affected?
Class 12 · Economics
→Why does the flow of income continue continuously in the two-sector model?
Class 12 · Economics
→What is the reward for entrepreneurial services called in the two-sector model?
Class 12 · Economics
→Which payment do firms make for the services of capital?
Class 12 · Economics
→Which income is received as a reward for the services of land?
Class 12 · Economics
→In the two-sector model households receive wages in return for which service?
Class 12 · Economics
→How do firms get sales revenue in the two-sector circular flow?
Class 12 · Economics
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